Free CIMA-F1 Web TestEngine Demo

Exit VCEDump CIMA-F1 F1 - Financial Reporting

Q2 Single choice

Which of the following is the most appropriate definition of the term 'factoring'?

A
Where a business sells its accounts receivable to a third party at a discount
B
Where a business borrows a loan with short-term conditions from a third party
C
Where a business sells equity to third parties to gain short-term finance
D
Where a business is provided with a highly flexible regular source of short-term finance by a bank

Previous Check answer

Question map2 / 40

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40

Current Correct Answered Incorrectly Reviewed 0 Remaining 40

Marked Questions0

No marked questions.

Answered Incorrectly0

No incorrect answers.

CIMA-F1 Web TestEngine demo